BT makes plans to appeal Sky’s controversial sports pricing win November 27, 2012 BT has announced plans to appeal a controversial competition ruling over the price Sky is able to charge other broadcasters for its sports channels. The telecoms company said it had asked permission to challenge August’s decision from the Competition Appeal Tribunal (CAT), which stopped Ofcom from forcing Sky to lower the prices it can charge [...]
Superfast network keeps Hull internet provider KCOM in line November 27, 2012 YORKSHIRE-BASED telecoms company KCOM said “strong demand” for its superfast “fibre” broadband service had enabled profits to remain steady despite a fall in revenues. The company, which announced plans to treble its fibre network, posted a 4.7 per cent reduction in revenues to £188.7m in the half-year to October, which it blamed on “challenging conditions”. [...]
Highest number of first time buyers in London since 2009 November 26, 2012 TEN thousand first-time buyers took out a mortgage in London during the third quarter of the year, according to Council of Mortgage Lenders (CML) data out yesterday. The figure was the highest on the CML’s records since the fourth quarter of 2009, yet its research also revealed significant barriers to getting on the property ladder [...]
Find sanctuary from the Indian bustle November 25, 2012 ENSCONCED in a luxury yoga hotel in the Himalayas, or in a resort matrix like Goa, you might just be able to avoid the clanging, overwhelming reality of India as you go about your daily business. Not in the cities. No matter how luxurious your hotel, enclave, or colony (as certain leafy districts are known), [...]
UK tech boss: My side of the story November 21, 2012 MIKE Lynch, the founder of British software giant Autonomy, yesterday hit out at the chief executive of Hewlett-Packard (HP) over claims the US company had been lied to during its $11bn (£6.9bn) acquisition of Lynch’s firm last year. The former Autonomy boss, who was forced out of HP in May, denied any wrongdoing, rejected claims [...]
Desmond the cosy neighbour November 18, 2012 YOUVIEW chief executive Richard Halton may not have anticipated that moving into the Northern & Shell building would involve such frequent visits from the man who heads up one of the firm’s partners, and landlord of the building. The Capitalist hears that Desmond, who owns Channel 5, has taken advantage of the proximity, and often [...]
After years of setbacks it is time for YouView to face up to its rivals November 18, 2012 RICHARD Halton has not had an easy couple of years. Having taken the reins at YouView in September 2010 – the same year the internet-connected TV box was originally pencilled in to go on sale – he has had to deal with questions about project delays, criticism over the price of the hardware, and, last [...]
Miles: room for additional QE if growth is weak November 18, 2012 THE Bank of England still has the firepower to boost a sluggish economy and has scope for further stimulus with more asset purchases, policymaker David Miles said yesterday. “If growth does stay very weak and inflation stays low and close to the target level there is more that we can do, we have not run [...]
Cable promises tax crackdown from chancellor November 15, 2012 BUSINESS secretary Vince Cable said yesterday he expects George Osborne to use his upcoming Autumn Statement to address the controversial issue of tax avoidance, after a string of companies were accused of diverting tax revenues away from the UK. Speaking to Sky News, Cable said moves to prevent “systematic abuse” could be announced as early [...]
John Lewis boss urges action on foreign firm tax payments November 14, 2012 THE managing director of retail chain John Lewis last night called on the government to examine the way foreign multinationals pay tax in the UK. Andy Street said the Treasury needs to do more to prevent the likes of online retailer Amazon “destroying the UK tax base” and potentially putting British companies out of business. [...]